If you were at the Woodward Dream Cruise over the weekend, you may have seen the 1958 Regal Turquoise Corvette that’s going on the auction block soon to help breathe new life into Detroit.

General Motors Chairman and CEO Dan Akerson had his 1958 Corvette on display at the Dream Cruise after earlier announcing that he’ll donate proceeds from the sale to Habitat for Humanity Detroit, which is trying to bring the Morningside Commons neighborhood on the city’s lower east side back to life.

“A strong America is built on strong communities, and building those communities starts with one hammer, one nail and one person – and from there it’s contagious,” Akerson said. “My wife, Karin, and I want to see this effort to rebuild our headquarters city catch on, spread out and draw scores more volunteers and millions more in contributions.”

Already, he and his wife have donated $1 million to kick off “Leaders to Rebuild Detroit,” a three-year, $25 million plan to help at least 500 families in the neighborhood with house construction, rehabilitation, critical repairs and energy-efficiency upgrades.

Here are a few details about Akerson’s 1958 Corvette, which featured dual headlights for the first time along with new body panels, instrumental panel, and interior. Only 510 of the 9,168 Corvettes built that year were painted Regal Turquoise.

“The 1958 Corvette is a great example of American passion and ingenuity, and my hope is that the auction will help bring attention and resources to Habitat’s efforts to revitalize a historic Detroit neighborhood,” said Akerson. “I love this Corvette, and if putting it on the block can help rebuild the heart and soul of a neighborhood, I am all for it.”

Mitch Talley has loved Corvettes since he was just 8 years old. He's owned 10 Corvettes since 1983, including examples from the third, fourth, fifth, and sixth generations. His goal is to own first, second, and seventh generation cars someday. He and his son, Chris, also a Corvette enthusiast, served as Captains of the 2014 Georgia Corvette Caravan.